06/15/2023 Minutes - Laserfiche WebLink

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Welcome and Opening Remarks Mr. Bray opened by expressing appreciation to those that were able to attend the recent LionsHead Groundbreaking event. He also recognized Ms. Hammond and staff for organizing the event. Citizens’ Input Chairman Bray invited those present to speak during the Citizens’ Input. No one came forward and the Citizens’ Input was closed. Discuss and Consider Approval of the Minutes of the Regular Meeting held May 16, 2023 Mr. Bray presented May 16, 2023, meeting minutes for review and discussion. Mr. Fendley made a motion to approve the May 16, 2023, minutes. Mr. Terrell seconded the motion. Vote: 6-ayes to 0-nays Discuss and Consider Approval of the 2021-2022 Audit Report as Presented by Brittany Martin of McClanahan and Holmes Ms. Martin presented the 2021-2022 audit report to the Board. As of September 30, 2022, total assets came to $9.3 million. The total liabilities amounted to $2.5 million with a reported total net position of $6.78 million. Ms. Martin concluded her report by reviewing incentive commitments. Chairman Bray opened the floor for questions and discussion. No additional questions/comments followed. Mr. Roddy moved to accept the 2021-2022 audit report as presented. Mr. Coleman seconded the motion. Vote: 6-ayes to 0-nays Update and Discussion on 2023-2024 Draft PEDC Budget Funds Ms. Hammond provided an overview of the draft 2023-2024 PEDC Budget. She added that the 2023-2024 PEDC Budget will be presented during the July PEDC board meeting for action. Chairman Bray directed board members to reach out to Ms. Hammond with any questions or input into the draft budget presented. No additional questions/comments followed. Report by Executive Director Maureen Hammond PEDC Plan of Work: Ms. Hammond provided a brief update on the PEDC Plan of Work and referenced the memo in the board packets. She stated that PEDC bylaws require that the board review and accept a plan of work every year. At this time, she presented a proposed 2023-2025 Plan of Work. Ms. Hammond stated that the plan and priorities have been updated to reflect the current economic climate as well as industry trends and business needs within the region. She went on to note that the Plan of Work is a living document that is subject to change throughout the year. Ms. Hammond closed by stating that she intends to present a summary of the 2021-2023 Plan of Work accomplishments during the annual meeting in July. She also mentioned that the final 2023-2025 Plan of Work will be presented in July for action.